Notice pursuant to Listing Rule 7.12.1

For the purpose of NZX Main Board Listing Rule 7.12.1, AWF Madison Group Limited advises that the following in respect of the issue of new ordinary shares:
(a) Class of Security and ISIN: Ordinary Shares NZAWFE0001S8

(b) Number issued: 402,415 shares

(c) Nominal value and issue price: $1.92 per share

(d) Whether payment was in cash: N/A

(e) Any amount paid up: N/A

(f) Principal terms of the Securities (other than for Quoted Securities): N/A

(g) Percentage of the total Class of Securities issued: 1.23% of total number of Ordinary Shares on issue immediately prior to the issue of the new shares